New Delhi: The Startup Ecosystem has been on the rise in India as Whizzo is reported to have raised 15 million dollars in a series A round and Sensesemi raised 25 crore rupees in a seed financing round. These investments are a great belief in Indian innovation.
Whizzo intends to utilize the money in diversification of its technology platform and expanding into other markets. The company aims at smart solutions that enhance efficiency to businesses.
Sensesemi is a deep tech start-up that is developing solutions of advanced materials and semiconductor. The new capital will assist the company in creating superior products and conducting more research.
Investors are of the opinion that India possesses talent and an increasing demand of new-technology. It is also through government aid and technological advancement that has enabled startups to receive investment worldwide.
According to experts, deep tech startups are not fast to grow yet generate value in the long-term. Indian startups have also been able to compete globally with improved access to funding.
This funding news puts into the spotlight that India is a robust start-up hub with emphasis on innovation and technology.
